| Decision number | 200820001 |
|---|---|
| Application number | 200810094 |
| Date | 1 July 2008 |
| Offeror/applicant | Hewlett-Packard Company |
| Ultimate applicant beneficial ownership | 100 percent - United States of America, United States Public |
| Beneficial overseas ownership | |
| - Asset current | N/A |
| - Asset proposed | N/A |
| - Share current | 100 percent |
| - Share proposed | 100 percent |
| Offeree(s)/seller(s) | United States Public of United States of America |
| Business activities | Property & Business Services - Business |
| Details of land involved | None. |
| Regions involved | Various |
| Total consideration | $225,597,000 |
| Consent sought | To acquire rights and interests in up to 100 percent of the issued share capital of Electronic Data Systems Corporation. |
| Rationale | The application has been approved as it met the criteria. The Overseas Investment Office is satisfied that the individuals with control of the Applicant collectively have business experience and acumen relevant to the overseas investment, and that the Applicant has demonstrated financial commitment towards the overseas investment. The Overseas Investment Office is further satisfied that each individual that exercises control over the Applicant is of good character and is not an individual of the kind referred to in section 7(1) of the Immigration Act 1987. Background to the Investment Hewlett-Packard is among the world's largest technology companies with business groups in core technology areas including Personal Systems, Imaging and Printing and Technology Solutions. EDS is a leading global technology services company delivering business solutions to its clients. Outline of the Investment Rationale for the Investment |
| Contact | David Boswell Bell Gully PO Box 4199 Auckland |